Tag Archives: Business

London CNN Business  —  Pension funds are designed to be dull. Their singular goal — earning enough money to make payouts to retirees — favors cool heads over brash risk takers. But as markets in the United Kingdom went haywire last week, hundreds of British pension fund managers found themselves …

After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66% in the week ending October 5, down from 6.70% the week before, according to Freddie Mac. Mortgage rates have more than doubled since the start of this year as the Federal …

London CNN Business  —  The German government announced plans to borrow €200 billion ($195 billion) to cap natural gas prices for households and businesses. That’s a bigger price tag than the £150 billion ($165 billion) the UK government is expected to borrow to finance its own price cap. Germany, Europe’s …

European countries on Tuesday raced to investigate unexplained leaks in two Russian gas pipelines running under the Baltic Sea near Sweden and Denmark, infrastructure at the heart of an energy crisis since Russia’s invasion of Ukraine. Several European officials said sabotage appeared to be the likely cause, while Russia — …

Hong Kong CNN Business  —  The number of rich people in the world rose at a rapid pace last year, boosted by gains in the stock market and house prices. As many as 5.2 million people became millionaires last year, with nearly half in the United States alone, according to …

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi CNN  —  The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily wealthy once …

Nollywood actor, Yul Edochie, has offered advice to upcoming actors as they yearn for a big break in the entertainment industry. Naija News reports that Yul, in a post shared on Instagram averred that acting is a very serious business and it is not a joke. According to him, things …

Sephora has just discovered what an absolute nightmare data gathering can be. It’s settled a law suit to the tune of $1.2 for failing to properly disclose that information may be sold to third parties, falling foul of Californian laws. Just when we thought that try on tools were a …

The Ekiti State Police Command has arrested a herbalist, Nurudeen Ibrahim, for allegedly raping and fraudulently obtaining N10.4m from a woman seeking spiritual help from him in Aramoko-Ekiti, Ekiti West local government area of the state.   Spokesperson of the command, DSP Sunday Abutu who paraded the herbalist alongside other suspected criminals …

The partnership with The Orchard will give seven amazing African talents an opportunity to introduce themselves and their music to the global music industry. Founder of the MBA, Godwin Tom states that, “The MBA for Africa Talent Project is an activity we developed to ensure that students have an avenue …